Yahoo to Launch Online Music Service

"Yahoo Inc. on Tuesday said it was launching a new online music subscription service, aggressively competing against providers such as RealNetworks Inc.’s Rhapsody and Napster Inc. with lower pricing.

"Yahoo said it was offering the service with an introductory price of $4.99 per month for an annual subscription, or $6.99 on a monthly basis. The service, available May 11, lets fans play tunes from a catalog of more than one million songs, transfer tracks to portable devices and share music with friends through Yahoo! Messenger."